Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014

[KPOM]

Angela is extremely overpaid. She manged to bungle both the Apple Watch and iPad Pro launches in the same year.

No, she played the hand she was dealt with. She doesn't control the supply chain. With no product in stock, no matter what she does someone is angry. I thought she handled things as well as anyone could.
[doublepost=1452128424][/doublepost]

Uh yeah. What Planet Are You On?
Let's see, kids 18-25. Adults 25-50+. Anyone that needs to make a living of some sort. Also many people start from the bottom as a retail associate, then move up to store management, then possibly up to district management. You do realize there are many people of all ages (including seniors) that work full time at McDonalds right?
You sound like people have choices. Not always. Most of the time they don't. It's not easy to get a job nowadays. You don't just walk in and get hired. Multiple interviews, background checks. Also, jobs have to have openings too. Why am I telling you things I'm sure you already know?

If you are 18-25 you accept lower wages. It's a fact of life. Your objective is to prove yourself responsible enough to get a better job. $16/hr isn't bad. My first job was for not much more than minimum wage at the time ($5 vs $4.25).

 

[Jimmy James]

Tim Cook be like yo dawg, I heard you like phones, so we put a phone in your phone so you can talk while you talk.

 

[HenryDJP]

No, she played the hand she was dealt with. She doesn't control the supply chain. With no product in stock, no matter what she does someone is angry. I thought she handled things as well as anyone could.
[doublepost=1452128424][/doublepost]

If you are 18-25 you accept lower wages. It's a fact of life. Your objective is to prove yourself responsible enough to get a better job. $16/hr isn't bad. My first job was for not much more than minimum wage at the time ($5 vs $4.25).

Uh okay, but that's not what my post was about. I was addressing a question from another member asking me if people get retail jobs as their only source of income. His question was a touch outside of reality. I was letting him know what goes on in the real world. Heck there are a lot of unemployed people and even homeless for that matter. He seems to suggests that people have choices and it's easy for them to get any job they want and that getting a retail job is too "bottom of the barrel" to be one's only source of income.

 

[chinesedemo]

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

I wouldn't even pay them that much. You are complaining that retail employees that have nothing to do with the inherent success of the company should make corporate money? What on Earth are you thinking? That is a good salary for what is essentially a first or second job for most people.

 

[Denmac1]

"Angela Ahrendts received 391,634 shares worth $50 million"

Ugh. Srsly? Like for why?

I'm sure that's a question in many people's minds.

 

[SusanK]

Yea but the downside is they inevitably lose drive and hunger


True about the online store, I've never found it to be the best, but lately it has become even more clunky than it used to be.

Just like the software
[doublepost=1452129146][/doublepost]

Yea I could never understand the whole Forstall thing, big mistake.

Ego. Power crazy and unable to back it up.

 

[KidAKidB]

Tim Cook be like "MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEEEEEY!!!!"

And your point being?

 

[citysnaps]

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

Sounds pretty good. They're not engineers, coders, designers, marketing, finance, etc people with the college education requirements that go with those positions.

 

[Glassed Silver]

I can't be the only one who thinks there should be some change in Apple. IMO Cook, Ive, and Cue need to be out and replaced to see what fresh, new, and motivated people can bring to the table.

Ive can stay, just keep him away from software design and it'll be good.
The overthinning can be solved by merely tossing the designs where Ive offers concepts that remove anything that makes a smartphone useable.

Glassed Silver:mac

 

[btmat]

You are aware she was hired away from Burberry as their CEO right? She took them in 7 years from a $2B business to a $7B business and absolutely transformed their brand. She's a retail genius. She's done and amazing job with Apple retail and the new store designs she's pushing are amazing. Best $50M Apple has ever spent. Jeff Williams is in position to take over as Apple CEO were something to happen to Tim, but I wouldn't mind it to be her instead. She's the visionary leader that crazy loon Hilary Clinton could only dream about being.

Honestly not sure if I would be happy with Jeff Williams as CEO.

 

[SusanK]

How Much is Steve Jobs Missed at Apple- Forbes August 16, 2015


http://www.forbes.com/sites/jaysomaney/2015/08/16/how-much-is-steve-jobs-missed-at-apple/

 

[S-A]

Let me educate you guys on compensation for top-notch CEO's. Tim Cook is NOT underpaid -- he's actually the highest paid CEO probably ever, as long as shareholders and the board is happy with the results the company posts annually. He is on a performance-based compensation.
Cook basically has measurements that he needs to hit in order for his stocks to vest, so this "$10MM salary" is grossly misleading.
Just by becoming Apple's CEO in 2011, Cook received 1 MILLION SHARES of restricted Apple stock -- half of which vests in 2016, and the other half in 2021. What is 1 Million shares worth today you ask? Well, because of the 7:1 AAPL stock split from a year ago, Cook's 1 million shares becomes 7 million. Today's closing price for $AAPL was $100.70. So 7,000,000 x $100.70 = $704,900,000. He gets to finally exercise half of that this year (if he chooses).

Now this $700MM figure is just accounting for Apple's stock to be worth around $100/share. Imagine if it ended up around $140 at any point in the near future... Cook's 7 million shares would make him a BILLIONAIRE.

Keep in mind this isn't the only restricted stock Cook has. He has about 250K shares vesting from his earlier awards at Apple here and there. He's basically a billionaire, and the higher Apple stock goes, the higher his networth goes past the Billion amount.

 

[SusanK]

Sounds pretty good. They're not engineers, coders, designers, marketing, finance, etc people with the college education requirements that go with those positions.

Steve, Gates and Zuck are college dropouts.

 

[Fishticks]

Why is the CEO the lowest paid senior executive?

So you can ask while he gets the most stock options.

 

[Capt Crunch]

"Angela Ahrendts received 391,634 shares worth $50 million"

Ugh. Srsly? Like for why?

$50M is a one (or two)-time payment. You can measure someone's worth to a company as the difference in revenue due to them being there vs them not being there.

~$20B a year goes through Apple's retail, which Angela is responsible for. $50M is a quarter of one percent of that. It's pretty easy to see that Angela could generate an incremental quarter of a percent through her leadership. That's one year.

 

[citysnaps]

Steve, Gates and Zuck are college dropouts.

And??? Perhaps you have forgotten they are company founders and extraordinarily gifted. A much different situation for their retail store sales staff.

Look at any of the Apple job listings for professional staff. Most require Masters degrees.

 

[kagharaht]

Oh and according to news media, the retail employees have paid health benefits. Recently RSU stocks and bunch of other free goodies given out. Most retail give you nothing. Specially health benefits.

 

[SusanK]

And??? Perhaps you have forgotten they are company founders and extraordinarily gifted. A much different situation for their retail store sales staff.

Look at any of the Apple job listings for professional staff. Most require Masters degrees.

And nothing. Just posting facts.

 

[alvindarkness]

So the Finance Officer, Peter Openheimar, gets paid almost 6x the amount of Tim Cook, the CEO... ouch

Yeh but Oppenheimer is the bomb.

 

[TallManNY]

$16... in San Fran...? That's not high at all. That's approximately $32,000 gross/yr ($27,200/yr after taxes) assuming you work 40 hours/wk and take approximately 2 weeks off each year for PTO/Vacation. The fact that you think $16/hr is a lot is scary.

And I suppose you think that the average Apple store employee salary in San Francisco is equal to the average salary across the country. I'm pretty sure it doesn't work that way. My guess is that in San Francisco the starting salary isn't much lower than $16 and most folks make much more than that.
[doublepost=1452135813][/doublepost]This is the part that I find most amazing:

"Earnings per diluted share were at $9.22, up 43 percent from 2014."

Wow. And the stock is currently trading at 11 or so time earnings. Wall Street is not just predicting slowing growth. It is predicting the company going from meteoric growth rates to negative growth starting this year and frankly this quarter. There is no other way to justify the current $100 stock price. Revenue has to not just grow slower, it has to drop. And yet last quarter was a huge growth quarter, like basically every quarter before it for every year since the iPhone.

Wall Street is placing a huge bet. Millions of shares of Apple are being sold daily at prices that will be laughable if 2016 growth is even remotely close to 2015 growth. But that is the price the stocks are selling at. The market has clearly spoken.

 

[alvindarkness]

The employees aren't putting up with any "Crap". They have a job that they are not entitled to, but rather should be grateful for having.

How are they not entitled to have that job? Most of my experiences with Apple retail staff have been extremely positive. When and how does one of those unentitled Apple retail employes become entitled? Obviously passing the recruitment process isnt enough for you. Performing at a level that keeps their bosses happy isnt enough? What is?

And why should they be grateful, beyond simply being employed? Is Apple that special? Aren't they trading their time for money, like any other low level employee at any other place of employment? Are you implying that most of the Apple retail workers couldnt get jobs elsewhere?

I entirely understand and agree with your defense of Cook, and your comparison of Cook to the retail workers, but I think that last sentence might be a tad over the top.

 

[iPhone.Freak]

You all talk about Apple Retail employees like you've read about it in a book. They do put up with some serious ****, and considering that Apple says in it's Credo (Which every employee receives when hired) that Apple's most important resource is its people, you would think paying them more to put up with some of the crap customers throw their way. Not to mention most Retail employees make Apple so much money in sales it's disgusting to realize they do not get a commission.

All this coming from an ex-Apple employee. Feel free to ask me anything.

 

[magbarn]

You all talk about Apple Retail employees like you've read about it in a book. They do put up with some serious ****, and considering that Apple says in it's Credo (Which every employee receives when hired) that Apple's most important resource is its people, you would think paying them more to put up with some of the crap customers throw their way. Not to mention most Retail employees make Apple so much money in sales it's disgusting to realize they do not get a commission.

All this coming from an ex-Apple employee. Feel free to ask me anything.

Seeing the attitudes here on how 'perfect' their little idevices need to be, I tend to believe what you're saying.

 

[mangonights]

I honestly thought they would pay themselves more given the amount of profits they generate.

Executive pay is set, or at least has to get approved, by the Board of Directors. The BoD is not window dressing. They're the boss of the CEO and responsible to the shareholders.

Tim Cook has done a good job. Following in Steve's footsteps is a monumental undertaking and he didn't screw it up. Apple could have imploded after Steve, but he's done a good job of keeping Apple on task.

 

[Zeis]

"Angela Ahrendts received 391,634 shares worth $50 million"

Ugh. Srsly? Like for why?

Yes why? She hasn't done anything! As a former Retail employee who made around $20 a hour for my 7 plus years I have done more to build this company than she has. Not to mentions my fellow retail employees who busted ass. I was one of the first ones hired in the company so we went through lots of blood and sweat for Apple.

Don't get me wrong I love Apple BUT I hate to see my stock getting its ass kicked lately. I know to these big executives it might not be a big deal but I manage to scrap together about 200K in stock and 401K and would be worth a ton more if we could stabilize this share price. From what I seen on the inside the need to give a raise to all the retail employees. A few bucks and hour and "Change Lives" as they say over and over. She wound't miss a dime... GREDDY!